DoubleLine Warns of ‘Brewing Collision’ for Developed Economies

DoubleLine is warning of a “brewing collision” in some developed economies as governments from France to the UK and Japan struggle to balance social demands against ballooning fiscal deficits.

Political jolts and runaway budgets, which have long plagued emerging markets, are now factoring into investment decisions in the developed world, according to Bill Campbell, who oversees the global sovereign debt team at Jeffrey Gundlach’s firm.